By Ayomide Otitoju Kenya’s government on Thursday presented a carefully revised national budget to parliament, aiming to avoid a repeat of the violent protests that rocked the country last year following controversial tax hikes. The East African nation, often seen as a regional economic leader, has struggled with rising living costs, ballooning debt, and sluggish…
By Ayomide Otitoju Africa’s richest man and billionaire industrialist, Alhaji Aliko Dangote, is set to retire as Chairman of the Board of Dangote Sugar Refinery Plc, marking the end of a two-decade leadership that significantly shaped the company’s trajectory. According to a statement issued by the company and signed by its Company Secretary, Temitope Hassan,…
By Ayomide Otitoju Anambra State Governor and former Central Bank of Nigeria (CBN) Governor, Prof. Charles Soludo, has commended President Bola Tinubu’s administration for its bold economic reforms, describing them as critical interventions that averted a total collapse of Nigeria’s economy. Speaking during The Platform, a special Democracy Day event organised by The Covenant Nation…
By Ayomide Otitoju President Bola Tinubu on Thursday said the ruling All Progressives Congress (APC) would continue to welcome members of the opposition who choose to join its fold, adding that it is not the party’s responsibility to resolve internal crises in rival political camps. Speaking at a joint session of the National Assembly to…
By Ayomide Otitoju As the nation commemorates Democracy Day, Hon. Francis Barthlomew Chima, popularly known as OmoBarca, has extended heartfelt greetings to Nigerians while reaffirming his unwavering commitment to the people of Ajeromi-Ifelodun Local Government Area in Lagos State. In a statement released on Wednesday, OmoBarca described June 12 as a defining moment in Nigeria’s…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has issued a public warning over the activities of fraudsters impersonating its officials and soliciting money from unsuspecting investors under false pretenses. In a statement released on Monday, NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, disclosed that the impostors have been demanding fees in exchange…
By Ayomide Otitoju The French Senate is expected to approve a landmark bill on Tuesday aimed at regulating the fast fashion industry, with measures including a ban on advertising and financial penalties for companies deemed environmentally harmful. The bill, which received overwhelming support in the lower house National Assembly in March 2024, is widely seen…
By Ayomide Otitoju Talks between Nigeria and Saudi Arabia’s state-owned oil giant, Aramco, over a proposed $5 billion oil-backed loan have reportedly stalled, as falling crude prices threaten the size and feasibility of the deal. According to a Reuters report citing four unnamed sources familiar with the negotiations, the slump in oil prices has cast…
By Ayomide Otitoju China announced on Tuesday that it will extend its anti-dumping investigation into pork imports from the European Union by six months, marking another chapter in the escalating trade tensions between the two global economic powers. The Chinese Ministry of Commerce stated that the probe, which began last year, would now continue until…
